Luxembourg: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in Luxembourg

The Luxembourg portable electric lamp market dropped to $X in 2022, waning by -10.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Portable Electric Lamp Exports

Exports from Luxembourg

In 2022, the amount of portable electric lamps exported from Luxembourg declined modestly to X units, dropping by -4.3% on the previous year's figure. In general, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 248% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, portable electric lamp exports totaled $X in 2022. Overall, exports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 when exports increased by 142%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for portable electric lamp exports from Luxembourg, with a 80% share of total exports. Moreover, portable electric lamp exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), eightfold. The third position in this ranking was taken by France (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.8% per year) and France (+1.8% per year).

In value terms, Belgium ($X) remains the key foreign market for portable electric lamps exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.8% per year) and Germany (+0.9% per year).

Export Prices by Country

In 2022, the average portable electric lamp export price amounted to $X per unit, rising by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.9%), while the prices for the other major destinations experienced a decline.

Portable Electric Lamp Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in purchases abroad of portable electric lamps, when their volume decreased by -22% to X units. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 52% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, portable electric lamp imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of portable electric lamp imports to Luxembourg, together comprising 84% of total imports. France, the Netherlands and British Virgin Islands lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for British Virgin Islands (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest portable electric lamp suppliers to Luxembourg were Germany ($X), China ($X) and Belgium ($X), together comprising 76% of total imports. France, the Netherlands and British Virgin Islands lagged somewhat behind, together accounting for a further 13%.

British Virgin Islands, with a CAGR of +45.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average portable electric lamp import price stood at $X per unit in 2022, growing by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for British Virgin Islands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :